retirement saving

Hardship Distributions Surge: Strategies for a Troubling Trend
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
More and more workers are taking hardship distributions from their 401(k) accounts, a recent report shows. Bank of America’s June 2023 Participant Pulse study reveals nearly 16,000 participants withdrew money to cover a financial hardship in Q2 of this year — up 36% compared to the same quarter in 2022. At the same time, the  Read More →
Four Tips to Help Increase Your Retirement Dollars
Team SummitEmployee Financial Resource Center, Retirement PlanningComments are off for this post
It’s common knowledge that the best way to increase your retirement dollars is simply to save! But, don’t miss out on these additional tips to try and get ahead. Don’t Cash Out Retirement Plans When Changing Employment When you leave a job, the vested benefits in your retirement plan are an enticing source of money.  Read More →

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